06-20-2022, 07:32 AM
Gentleman Jim Chalmers has decided he wants to appoint a panel of independent experts to review the Central bank(RBA)
Obviously Jim doesnt like the umpires decision on interest rates and where thats going to take the economy under his stewardship.
Not much leeway for Jim when you have a trillion dollar debt, promises to keep and Phil Lowe telling him he wants an inflation target of 2-3% with interest rates heading Nth at a rapid rate especially as we follow the USA where extensive rate rises are a given and inflation is rife.
The AFR reported that the review would consider the composition of the RBA board members, the appointment processes, the 2% to 3% inflation target and the joint statement on the conduct of monetary policy between the treasurer and governor”.
Thats code for Gentleman Jim wanting Phil Lowe and his team out and a more Government friendly/influenced team in to what economists would say massage interest rates rather than raise them.....
Obviously Jim doesnt like the umpires decision on interest rates and where thats going to take the economy under his stewardship.
Not much leeway for Jim when you have a trillion dollar debt, promises to keep and Phil Lowe telling him he wants an inflation target of 2-3% with interest rates heading Nth at a rapid rate especially as we follow the USA where extensive rate rises are a given and inflation is rife.
The AFR reported that the review would consider the composition of the RBA board members, the appointment processes, the 2% to 3% inflation target and the joint statement on the conduct of monetary policy between the treasurer and governor”.
Thats code for Gentleman Jim wanting Phil Lowe and his team out and a more Government friendly/influenced team in to what economists would say massage interest rates rather than raise them.....